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Price $320,000
Status Active
Beds 2
Baths 3 Baths
Home size 1,292 sqft
Lot Size 872 sqft
Days on Market 948
Turnkey investment opportunity in the highly desirable Village at New Longview. This Chicago plan townhome is fully leased and currently generating $2,395 per month ($28,740 annually) in rental income, offering immediate cash flow from day one. Priced at $320,000, the property delivers an estimated ~6.9% cap rate based on current expenses. The HOA covers exterior maintenance, roof, exterior paint, and building insurance, significantly reducing owner responsibility and limiting exposure to major capital expenditures. This highly rentable floor plan features two spacious upstairs bedrooms and two full baths, including a primary suite with dual vanities and dual showerheads. The open-concept main level includes a quartz kitchen with soft-close cabinetry, a convenient powder room for guests, and a private balcony off the kitchen. A dedicated lower-level home office adds additional flexibility that appeals strongly to today's tenant pool. Located in one of Lee's Summit's premier low-maintenance communities with consistent rental demand, this is an ideal opportunity for investors seeking stabilized income, limited maintenance obligations, and long-term appreciation potential. Oversized garage with extra room for bikes, gear, or storage. The $240/month HOA covers a wide range of services"”roof, exterior paint, lawn care, snow removal, trash/recycling, building insurance, and access to a future community pool"”so you can focus on living, not maintenance. Move-in ready and designed for modern life, the Chicago is where smart living meets everyday comfort.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 3/11/2026 Tract Village at New Longview
Year Built 0 Community 204 - Lee's Summit Area
Garage Spaces 1.0 County Jackson

SCHOOLS

Elementary School Longview Farms
Jr. High School Pleasant Lea
High School Lee's Summit West

Price History

Prior to Nov 1, '24 $405,000
Nov 1, '24 - Jan 12, '26 $379,500
Jan 12, '26 - Mar 11, '26 $350,000
Mar 11, '26 - Today $320,000

Additional Details

AIR Electric
AIR CONDITIONING Yes
AMENITIES Insurance, Snow Removal, Trash
AREA 204 - Lee's Summit Area
BASEMENT Interior Entry, Yes
CONSTRUCTION Brick, Stucco
GARAGE Yes
HEAT Natural Gas
HOA DUES 240|Monthly
LOT 871 sq ft
PARKING Attached, Garage Faces Rear
SEWER Public Sewer
STORIES 2
SUBDIVISION Village at New Longview
WATER Public

Location

 

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Listed with Keller Williams Realty Partners Inc.
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